Suppose John and Wayne Are the Only Two Demanders of Cowboy

question 91

Multiple Choice

Suppose John and Wayne are the only two demanders of cowboy movies.Each month,John buys six cowboy movies when the price is $10 each,and he buys four cowboy movies when the price is $15 each.Each month,Wayne buys four cowboy movies when the price is $10 each,and he buys two cowboy movies when the price is $15 each.Which of the following points is on the market demand curve?

• A)quantity demanded = 2;price = $15
• B)quantity demanded = 4;price = $25
• C)quantity demanded = 10;price = $10
• D)quantity demanded = 16;price = $25

---

Definitions:

Autonomy

The right or condition of self-government, often used in the context of individuals’ ability to make their own decisions.

Independence

The state or quality of being self-reliant and free from external control or support.

Social Development

The process by which individuals learn to interact with others, form relationships, adapt to social norms, and develop social skills throughout their life stages.

Initiative Vs. Guilt

A stage in Erik Erikson's theory of psychosocial development where children are characterized by their growing sense of initiative, balanced against feelings of guilt for their actions.